SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON D.C. 20549

                                    FORM 10-Q

(Mark One)

(X)  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
     ACT OF 1934

     For the thirteen weeks ended March 25, 2000
                                  --------------

( )  TRANSITION  REPORT  PURSUANT  TO  SECTION  13 OR  15(d)  OF THE  SECURITIES
     EXCHANGE ACT OF 1934

     For the transition period from __________ to __________

                          Commission File Number 1-5084

                              TASTY BAKING COMPANY

               (Exact name of company as specified in its charter)

           Pennsylvania                                     23-1145880
--------------------------------------------------------------------------------
     (State of Incorporation)              (IRS Employer Identification Number)


           2801 Hunting Park Avenue, Philadelphia, Pennsylvania 19129
--------------------------------------------------------------------------------
               (Address of Principal Executive Offices) (Zip Code)


                                 (215) 221-8500
--------------------------------------------------------------------------------
                (Company's Telephone Number, including area code)

Indicate by check mark whether the company (1) has filed all reports required to
be filed by Section 13 or 15(d) of the  Securities  Exchange  Act of 1934 during
the  preceding  12 months  (or for such  shorter  period  that the  company  was
required  to file  such  reports),  and  (2) has  been  subject  to such  filing
requirements for the past 90 days.

                        Yes X                            No
                           ---

                      APPLICABLE ONLY TO CORPORATE ISSUERS:

Indicate the number of shares  outstanding  of each of the  issuer's  classes of
common stock, as of the latest practicable date.

      Common Stock, par value $.50                            7,821,771
--------------------------------------------------------------------------------
            (Title of Class)                         (No. of Shares Outstanding
                                                             at May 8, 2000)

                  INDEX OF EXHIBITS IS LOCATED ON PAGE 8 OF 9.









                                     1 of 9
<PAGE>


                      TASTY BAKING COMPANY AND SUBSIDIARIES


                                      INDEX


                                                                            Page


PART I.   FINANCIAL INFORMATION

Item 1.   Financial Statements

          Consolidated Condensed Balance Sheets
          March 25, 2000 and December 25, 1999................................3

          Consolidated Condensed Statements of Operations
          Thirteen weeks ended March 25, 2000 and March 27, 1999..............4

          Consolidated Condensed Statements of Cash Flows
          Thirteen weeks ended March 25, 2000 and March 27, 1999..............5

          Notes to Consolidated Condensed Financial Statements................6

Item 2.   Management's Discussion and Analysis of Financial
          Condition and Results of Operations...............................7-8

Item 3.   Quantitative and Qualitative Disclosure
          About Market Risk8

PART II.  OTHER INFORMATION

Item 4.   Submission of Matters to a Vote of Security Holders ................8

Item 6.   Exhibits and Reports on Form 8-K....................................8

Signature.....................................................................9








                                     2 fo 9
<PAGE>
 PART I. FINANCIAL INFORMATION
 Item 1. Financial Statements
<TABLE>
<CAPTION>
                                                TASTY BAKING COMPANY AND SUBSIDIARIES
                                                CONSOLIDATED CONDENSED BALANCE SHEETS
                                                             (unaudited)

-----------------------------------------------------------------------------------------------------------------------------------
                                                                                    March 25, 2000                December 25, 1999
-----------------------------------------------------------------------------------------------------------------------------------
 Current assets:
<S>                                                                                      <C>                             <C>
       Cash                                                                              $ 440,577                       $ 705,494
       Accounts and notes receivable, net of
         allowance for doubtful accounts                                                23,941,787                      19,682,733
       Inventories:
             Raw materials                                                               3,160,317                       3,193,027
             Work in progress                                                              913,624                         568,416
             Finished goods                                                              1,313,010                         744,336
                                                                           --------------------------------------------------------
                                                                                         5,386,951                       4,505,779
       Deferred income taxes, prepayments and other                                      2,814,739                       2,505,212
                                                                           --------------------------------------------------------
             Total current assets                                                       32,584,054                      27,399,218
                                                                           --------------------------------------------------------
 Property, plant and equipment:                                                        173,143,846                     170,394,608
       Less accumulated depreciation                                                   112,799,302                     110,936,937
                                                                           --------------------------------------------------------
                                                                                        60,344,544                      59,457,671
                                                                           --------------------------------------------------------
 Long-term receivables                                                                  10,585,881                      10,681,972
                                                                           --------------------------------------------------------
 Deferred income taxes                                                                  10,909,070                      10,909,070
                                                                           --------------------------------------------------------
 Spare parts inventory and miscellaneous assets                                          3,367,309                       3,305,010
                                                                           --------------------------------------------------------
 Total assets                                                                         $117,790,858                    $111,752,941
                                                                           ========================================================
 Current liabilities:
       Current obligations under capital leases                                          $ 192,873                       $ 196,240
       Notes payable, banks                                                              3,100,000                         750,000
       Accounts payable                                                                  6,352,367                       4,120,600
       Accrued liabilities                                                               7,832,666                       7,926,105
                                                                           --------------------------------------------------------
          Total current liabilities                                                     17,477,906                      12,992,945
                                                                           --------------------------------------------------------
 Long-term debt, less current portion                                                   17,000,000                      17,000,000
                                                                           --------------------------------------------------------
 Long-term obligations under capital leases,
       less current portion                                                              4,015,202                       4,059,724
                                                                           --------------------------------------------------------
 Accrued pensions and other liabilities                                                 14,256,959                      13,950,361
                                                                           --------------------------------------------------------
 Postretirement benefits other than pensions                                            18,516,878                      18,328,367
                                                                           --------------------------------------------------------
 Shareholders' equity:
       Common stock                                                                      4,558,243                       4,558,243
       Capital in excess of par value of stock                                          29,778,768                      29,778,768
       Retained earnings                                                                29,052,525                      27,968,811
                                                                           --------------------------------------------------------
                                                                                        63,389,536                      62,305,822
       Less:
       Treasury stock, at cost                                                          16,431,908                      16,408,808
       Management Stock Purchase Plan
             receivables and deferrals                                                     433,715                         475,470
                                                                           --------------------------------------------------------
                                                                                        46,523,913                      45,421,544
                                                                           --------------------------------------------------------
 Total liabilities and shareholders' equity                                           $117,790,858                    $111,752,941
                                                                           ========================================================

                               See accompanying notes to consolidated condensed financial statements.
</TABLE>

                                                               3 of 9

<PAGE>
<TABLE>
<CAPTION>
                                          TASTY BAKING COMPANY AND SUBSIDIARIES
                                     CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS
                                                       (unaudited)

------------------------------------------------------------------------------------------------------------------------
                                                                                    For the Thirteen Weeks Ended
                                                                               March 25, 2000        March 27, 1999
------------------------------------------------------------------------------------------------------------------------
<S>                                                                             <C>                     <C>
 Gross Sales                                                                    $61,147,760             $57,146,174
 Less discounts and allowances                                                  (20,804,414)            (19,293,525)
                                                                         -----------------------------------------------
 Net Sales                                                                       40,343,346              37,852,649
                                                                          -----------------------------------------------
 Costs and expenses:
      Cost of sales                                                              25,997,012              23,632,065

      Depreciation                                                                1,862,367               1,785,783

      Selling, general and
         administrative                                                           9,323,427              11,000,903

      Interest expense                                                              335,051                 222,508

      Restructure charge                                                                  -                 950,000

      Other income, net                                                            (306,360)               (414,359)
                                                                         -----------------------------------------------

                                                                                 37,211,497              37,176,900
                                                                         -----------------------------------------------

 Income before provision for
      income taxes                                                                3,131,849                 675,749

 Provision for income taxes                                                       1,109,333                 149,470
                                                                         -----------------------------------------------

 Income before cumulative effect of a change
      in accounting principle                                                     2,022,516                 526,279

 Cumulative effect of a change in accounting
      principle for start-up costs                                                        -                (204,709)
                                                                         -----------------------------------------------

 Net income                                                                     $ 2,022,516               $ 321,570
                                                                         ===============================================


 Average common shares outstanding:
           Basic                                                                  7,823,210               7,825,586
           Diluted                                                                7,823,210               7,921,517

 Per share of common stock:

 Income before cumulative effect of a change
      in accounting principle: Basic and Diluted                                      $0.26                   $0.07
                                                                         ===================   =====================
 Cumulative effect of a change in accounting
      principle for start-up costs: Basic and Diluted                                     -                   (0.03)
                                                                         ===================   =====================
 Net income: Basic and Diluted                                                        $0.26                   $0.04
                                                                         ===================   =====================

      Cash dividend                                                                   $0.12                   $0.12
                                                                         ===================   =====================



                          See accompanying notes to consolidated condensed financial statements.
</TABLE>


                                                          4 of 9

<PAGE>
<TABLE>
<CAPTION>
                                            TASTY BAKING COMPANY AND SUBSIDIARIES
                                       CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS
                                                         (unaudited)

---------------------------------------------------------------------------------------------------------------------------
                                                                                For the Thirteen Weeks Ended
                                                                             March 25, 2000                 March 27, 1999
---------------------------------------------------------------------------------------------------------------------------
<S>                                                                             <C>                              <C>
 Cash flows from (used for) operating activities
       Net income                                                               $ 2,022,516                      $ 321,570
       Adjustments to reconcile net income to net
        cash provided by operating activities:
          Depreciation                                                            1,862,367                      1,785,783
          Amortization                                                               16,887                         19,895
          Cumulative effect of change in accounting principle                             -                        204,709
          Other                                                                     427,811                      1,535,039
       Changes in assets and liabilities
        affecting operations                                                     (3,311,425)                      (954,717)
                                                                 ----------------------------------------------------------

       Net cash from operating activities                                         1,018,156                      2,912,279
                                                                 ----------------------------------------------------------

 Cash flows from (used for) investing activities
       Purchase of property, plant and equipment                                 (2,749,240)                    (6,633,880)
       Proceeds from owner/operators' loan repayments                             1,108,800                      1,138,842
       Loans to owner/operators                                                  (1,013,871)                    (1,354,956)
       Other                                                                          7,929                         12,171
                                                                 ----------------------------------------------------------

       Net cash used for investing activities                                    (2,646,382)                    (6,837,823)
                                                                 ----------------------------------------------------------

 Cash flows from (used for) financing activities
       Additional long-term debt                                                  2,000,000                      5,000,000
       Dividends paid                                                              (938,802)                      (939,107)
       Payment of long-term debt                                                 (2,047,889)                    (1,140,457)
       Net increase in short-term debt                                            2,350,000                        700,000
       Other                                                                              -                        (18,216)
                                                                 ----------------------------------------------------------

       Net cash from financing activities                                         1,363,309                      3,602,220
                                                                 ----------------------------------------------------------

       Net decrease in cash                                                        (264,917)                      (323,324)

       Cash, beginning of year                                                      705,494                        372,871
                                                                 ----------------------------------------------------------

       Cash, end of period                                                        $ 440,577                       $ 49,547
                                                                 ==========================================================


       Supplemental Cash Flow Information:
       Cash paid during the period for:
          Interest                                                                $ 298,727                      $ 223,376
                                                                 ==========================================================
          Income taxes                                                          $ 1,973,925                        $ 9,884
                                                                 ==========================================================



                           See accompanying notes to consolidated condensed financial statements.

</TABLE>


                                                           5 of 9

<PAGE>
                      TASTY BAKING COMPANY AND SUBSIDIARIES
              NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS


1.     Interim Financial Information
       In the opinion of management,  the  accompanying  unaudited  consolidated
       condensed  financial  statements  contain all adjustments  (consisting of
       only normal recurring accruals) necessary to present fairly the financial
       position of the company as of March 25, 2000 and December  25, 1999,  the
       results of its operations for the thirteen weeks ended March 25, 2000 and
       March 27, 1999 and cash flows for the thirteen weeks ended March 25, 2000
       and March 27, 1999.  These  unaudited  consolidated  condensed  financial
       statements should be read in conjunction with the consolidated  financial
       statements  and footnotes  thereto in the company's 1999 Annual Report to
       Shareholders.  In addition,  the results of  operations  for the thirteen
       weeks ended March 25, 2000 are not necessarily  indicative of the results
       to be expected for the full year.

       Certain  expense items are charged to  operations  in the year  incurred.
       However,  for interim  reporting  purposes  the  expenses  are charged to
       operations on a pro-rata basis over the company's accounting periods. For
       the  thirteen  weeks  ended  March  25,  2000 and  March  27,  1999,  the
       difference  between the actual expenses incurred and the expenses charged
       to operations was not material.

2.     Net Income Per Common Share
       Net income per common share is  presented  as basic and diluted  earnings
       per share.  Net income per common  share - Basic is based on the weighted
       average number of common shares  outstanding  during the year. Net income
       per common  share - Diluted is based on the  weighted  average  number of
       common shares and dilutive potential common shares outstanding during the
       year. The company's  dilutive  potential common shares outstanding during
       the year result  entirely from dilutive stock options.  Potential  common
       shares  which  would  result from the  exercise of stock  options are not
       included  in the  computation  of  diluted  per  share  amounts  when the
       options'  exercise  price is greater than the average market price of the
       common shares.

3.     Restructure Charge
       During the first quarter of 1999,  the company  discontinued  forty-three
       route  territories  in those areas not  achieving  appropriate  levels of
       profitability,   assigning   most  of  those   territories   to  regional
       distributorships.  As a result, the company incurred a charge of $950,000
       resulting  in a  reduction  in net income of  $570,570 or $.07 per share,
       primarily  relating  to  costs  associated  with the  repurchase  of some
       owner/operator  territories  as  well as  severance  payments  and  other
       related  costs.  All the  costs  accrued  under  this  charge  have  been
       satisfied.


                                     6 of 9
<PAGE>


                      TASTY BAKING COMPANY AND SUBSIDIARIES

Item 2.       Management's Discussion and Analysis of Financial Condition
              and Results of Operations

Results of Operations

Net income for the first quarter of 2000 was  $2,022,516 or $.26 per share.  Net
income for the first quarter of 1999 was $321,570 or $.04 per share. Included in
net income for 1999 were two  non-recurring  charges.  The company  discontinued
forty-three route territories in certain areas not achieving  appropriate levels
of  profitability,   assigning  most  of  those  territories  to  certain  other
independent regional  distributorships.  This resulted in an after-tax charge of
$570,570  or $.07 per share,  primarily  relating to costs  associated  with the
repurchase  of some  owner/operator  territories  as well as employee  severance
payments and other related costs. The second charge relates to the adoption of a
new  accounting  regulation,  which  required  the  write  off of the  remaining
start-up costs  pertaining to the company's  acquisition of its Oxford facility.
This  charge is  reflected  as a  cumulative  effect  of a change in  accounting
principle  which resulted in an after-tax  charge to net income in the amount of
$204,709  or  $.03  per  share.  After  eliminating  the  effect  of  these  two
non-recurring charges, the comparable 1999 first quarter results were $1,096,849
or $.14 per share.

For the first  quarter,  gross sales  increased 7% to  $61,147,760,  compared to
$57,146,174  last year. The company also  experienced  unit sales growth of 10%.
The increase in gross sales for the first quarter of 2000 is a continuation of a
turnaround  that began in the  fourth  quarter of 1999.  In  addition,  improved
production  capabilities,  compared to the  difficulties  that were  experienced
during the implementation of the first phase of the bakery modernization project
in the first  quarter of last year,  also  contributed  to the  increase.  Gross
sales,  less discounts and  allowances,  resulted in an increase in net sales of
6.6% to $40,343,346, compared to $37,852,649 reported last year. The increase in
net sales was consistent with the increase in gross sales.

Cost of sales, as a percentage of gross sales, was 42.5% and 41.4% for the first
quarters of 2000 and 1999, respectively.  The increase in 2000 was the result of
permanent and temporary  selling price  reductions  coupled with a change in the
sales mix in the first quarter of 2000 compared to the first quarter of 1999.

Selling,  general  and  administrative  expenses  for the first  quarter of 2000
decreased by  $1,677,476  or 15.2%  compared to the first  quarter of 1999.  The
decrease can be primarily  attributed to savings from the route restructure that
was done during the first quarter of 1999.

Interest  expense  increased  for the first  quarter  of 2000  versus  the first
quarter  of 1999 as a result  of  increased  average  interest  rates as well as
higher average borrowing levels.

The  effective tax rate was 35.4% for the quarter ended March 25, 2000 and 22.1%
for the quarter ended March 27, 1999 which compares to a federal  statutory rate
of 34%. The difference  between the effective rate and the statutory rate in the
first quarter of 2000 was the effect of state taxes. The difference  between the
effective  rate and the  statutory  rate in the first quarter of 1999 was due to
low taxable income  compounded by the effect of state tax benefits  arising from
passive income.




                                     7 of 9
<PAGE>

Financial Condition

The company has  consistently  demonstrated  the ability to generate  sufficient
cash  flow from  operations.  Bank  borrowings,  under  various  lines of credit
arrangements, are used to supplement cash flow from operations during periods of
cyclical shortages.

For the thirteen weeks ended March 25, 2000, net cash from operating  activities
decreased by  $1,894,123 to $1,018,156  from  $2,912,279  for the same period in
1999. The decrease in 2000 compared to 1999 was due to a number of factors.  The
increase  in net income  for 2000 was offset by a negative  change in assets and
liabilities, mostly resulting from an increase in accounts receivable, which can
be  attributed to the increase in sales  activity,  and an increase in cash paid
for  income  taxes  compared  to 1999.  In  addition,  an  accrual  for the 1999
restructure  charge,  which was paid  during  the second  quarter  of 1999,  was
included in the 1999 first quarter adjustments to net income.

Net cash used for investing  activities  for the thirteen  weeks ended March 25,
2000 decreased by $4,191,441 relative to the same period in 1999 principally due
to less capital  expenditures in the current year. In the first quarter of 1999,
a higher level of capital  expenditures were required due to the computer system
upgrade and the first phase of the bakery modernization project.

Net cash from  financing  activities for the thirteen weeks ended March 25, 2000
decreased  by  $2,238,911  relative  to the same  thirteen  weeks  in 1999.  The
decrease is primarily the result of a net decrease in short and  long-term  debt
relative to the prior year.

For  the  remainder  of  2000  the  company  anticipates  that  cash  flow  from
operations,  along with the continued  availability of bank lines of credit, the
revolving  credit  agreement  and  other  long-term   financing,   will  provide
sufficient cash to meet operating and financing requirements.

Item 3. Quantitative and Qualitative Disclosure About Market Risk

         The company has certain floating rate debt notes.  Under current market
conditions, the company believes that changes in interest rates would not have a
material impact on the financial statements of the company. The company also has
notes receivable from owner operators whose rates adjust every three years, and,
therefore,  would partially  offset the  fluctuations in the company's  interest
rates on its notes  payable.  The company also has the right to sell these notes
receivable,  and could use these proceeds to liquidate a corresponding amount of
the debt notes payable.

                      TASTY BAKING COMPANY AND SUBSIDIARIES

PART II.      OTHER INFORMATION

Item 4. Submission of Matters to a Vote of Security Holders

     No matters were  submitted to a vote of security  holders  during the first
quarter of the fiscal year covered by this report.

Item 6. Exhibits and Reports on Form 8-K

     (a)      Exhibits:  Exhibit 27 - Financial Data Schedule

     (b)      Reports on Form 8-K

              The company did not file a report on Form 8-K during the  thirteen
weeks ended March 25, 2000.

                                  Exhibit Index

                      Exhibit 27 - Financial Data Schedule




                                     8 of 9
<PAGE>


                      TASTY BAKING COMPANY AND SUBSIDIARIES

                                    SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the company
has duly  caused  this  report  to be signed  on its  behalf by the  undersigned
thereunto duly authorized.





                                              TASTY BAKING COMPANY
                                   ----------------------------------------
                                                    (Company)








     May 8, 2000                         /S/ John M. Pettine
--------------------               --------------------------------------------
       (Date)                                     JOHN M. PETTINE
                                           EXECUTIVE VICE PRESIDENT AND
                                              CHIEF FINANCIAL OFFICER
                                   (PRINCIPAL FINANCIAL AND ACCOUNTING OFFICER)